Emirates Integrated Telecommunications Company PJSC Reports Impressive Q1 2025 Growth Amid Strategic Expansion
Emirates Integrated Telecommunications Company PJSC, known as du, has released its financial results for the first quarter of 2025, showcasing robust growth in revenue and profitability.
Summary
Emirates Integrated Telecommunications Company PJSC (du) reported strong financial performance for Q1 2025, with a 7.4% increase in revenue and a 19.8% rise in net profit. The company continues to expand its ICT footprint through strategic partnerships.
Emirates Integrated Telecommunications Company PJSC: Q1 2025 Financial Analysis
Emirates Integrated Telecommunications Company PJSC (du) has announced its financial results for the first quarter of 2025, demonstrating continued momentum in revenue and profitability growth. The company's total revenues increased by 7.4% year-over-year to AED 3.8 billion, driven by strong performance in both service and non-service segments.
Key Performance Indicators
| KPI | Q1 2025 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | AED 3,848 million | AED 3,581 million | 7.4% |
| Service Revenues | AED 2,780 million | AED 2,563 million | 8.5% |
| Other Revenues | AED 1,067 million | AED 1,018 million | 4.8% |
| EBITDA | AED 1,824 million | AED 1,586 million | 15.0% |
| EBITDA Margin | 47.4% | 44.3% | 3.1pp |
| Net Profit | AED 722 million | AED 603 million | 19.8% |
| Capex | AED 377 million | AED 359 million | 5.0% |
| Capital Intensity | 9.8% | 10.0% | -0.2pp |
| Operating Free Cash Flow | AED 1,447 million | AED 1,228 million | 17.9% |
Analysis of KPI Changes
| KPI | Change Analysis |
|---|---|
| Revenues | The 7.4% increase in revenues is attributed to solid growth in both service and non-service segments. |
| EBITDA | EBITDA rose by 15.0% due to improved revenue mix and cost management, resulting in a higher margin of 47.4%. |
| Net Profit | The 19.8% rise in net profit underscores du's financial discipline and operational strength. |
| Capex | Capex increased by 5.0%, reflecting ongoing investments in infrastructure and technology. |
Conclusion
Emirates Integrated Telecommunications Company PJSC continues to demonstrate strong financial performance, driven by strategic initiatives and effective cost management. The company's expansion into ICT through partnerships, such as the one with Microsoft for a new hyperscale data center, positions it well for future growth. For investors, du's robust growth in revenue and profitability, along with its strategic investments, suggest a positive outlook.
Source
Summary
The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the three-month period ending on March 31, 2025.
